Musing About Economics, Computers and Technology

Home of the most asinine posters on the internet

Month: February 2020 (page 1 of 10)

Schedule for Week of March 1, 2020

The key report scheduled for this week is the February employment report.Other key reports scheduled for this week are the trade deficit and February vehicle sales.—– Monday, Mar 2nd —–10:00 AM: ISM Manufacturing Index for January. The consensus is for the ISM to be at 50.4, down from 50.9 in…

Schedule for Week of March 1, 2020

Fannie Mae: Mortgage Serious Delinquency Rate unchanged in January

Fannie Mae reported that the Single-Family Serious Delinquency was unchanged at 0.66% in January, from 0.66% in December. The serious delinquency rate is down from 0.76% in January 2019.These are mortgage loans that are “three monthly payments or more past due or in foreclosure”.  This matches the last two months…

Fannie Mae: Mortgage Serious Delinquency Rate unchanged in January

The Economic Impact of the COVID-19

Several readers have asked about the economic impact of the novel coronavirus. The answer is it depends on the severity of the epidemic.Goldman Sachs economists wrote this morning: Our new baseline scenario involves a continued slowdown in infections in China that allows for a slow recovery in high-frequency indicators of…

The Economic Impact of the COVID-19

Q1 GDP Forecasts: 1.1% to 2.6%

From Merrill Lynch: The data lifted 1Q GDP tracking by 0.4pp to 1.3% qoq saar. [Feb 28 estimate]emphasis addedFrom Goldman Sachs: We lowered our Q1 GDP tracking estimate by two tenths to +1.1% (qoq ar), reflecting a larger expected drag from inventories. [Feb 27 estimate]From the NY Fed Nowcasting ReportThe…

Q1 GDP Forecasts: 1.1% to 2.6%

Personal Income increased 0.6% in January, Spending increased 0.2%, Core PCE increase 0.1%

The BEA released the Personal Income and Outlays report for January: Personal income increased $116.5 billion (0.6 percent) in January according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $101.4 billion (0.6 percent) and personal consumption expenditures (PCE) increased $29.6 billion (0.2 percent).Real…

Personal Income increased 0.6% in January, Spending increased 0.2%, Core PCE increase 0.1%

Friday: Personal Income & Outlays, Chicago PMI

Friday:• At 8:30 AM ET, Personal Income and Outlays for January. The consensus is for a 0.3% increase in personal income, and for a 0.3% increase in personal spending. And for the Core PCE price index to increase 0.2%.• At 9:45 AM, Chicago Purchasing Managers Index for February. The consensus…

Friday: Personal Income & Outlays, Chicago PMI

Freddie Mac: Mortgage Serious Delinquency Rate Decreased in January, Lowest since 2007

Freddie Mac reported that the Single-Family serious delinquency rate in January was 0.60%, down from 0.63% in December. Freddie’s rate is down from 0.70% in January 2019.This the lowest delinquency rate since November 2007.Freddie’s serious delinquency rate peaked in February 2010 at 4.20%.These are mortgage loans that are “three monthly…

Freddie Mac: Mortgage Serious Delinquency Rate Decreased in January, Lowest since 2007

NAR: "Pending Home Sales Ascend 5.2% in January"

From the NAR: Pending Home Sales Ascend 5.2% in JanuaryPending home sales rebounded in January, ticking up following a decline in December, according to the National Association of Realtors®. Only the West region reported a minor drop in month-over-month contract activity, while the other three major regions each saw pending…

NAR: "Pending Home Sales Ascend 5.2% in January"

Kansas City Fed: "Tenth District Manufacturing Activity Increased Modestly" in February

From the Kansas City Fed: Tenth District Manufacturing Activity Increased ModestlyThe Federal Reserve Bank of Kansas City released the February Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed that Tenth District manufacturing activity increased modestly, reaching…

Kansas City Fed: "Tenth District Manufacturing Activity Increased Modestly" in February

Q4 GDP Unchanged at 2.1% Annual Rate

From the BEA: Gross Domestic Product, Fourth Quarter and Year 2019 (Second Estimate)Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the fourth quarter of 2019 (table 1), according to the “second” estimate released by the Bureau of Economic Analysis. In the third quarter, real…

Q4 GDP Unchanged at 2.1% Annual Rate

Older posts